PortaJohn
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IMF Warns Banks and Supervisors of Liquidity Risks in $9.6 Trillion FX Market
"Global banks have significant dollar exposure in their balance sheets, making them vulnerable to potential funding shocks. The increasing involvement of non-bank financial institutions and growing trade in derivatives "may also raise the global FX market’s vulnerability to adverse shocks," the IMF said.
Stress in the FX market "can spill over to other asset classes, tightening financial conditions and posing risks to macro financial stability—especially in countries with significant currency mismatches and fiscal vulnerabilities," the IMF added."
China bans all BHP iron ore cargoes, report says
China is the world's largest iron ore consumer and buys about 75 per cent of global seaborne iron ore, while BHP is the world's largest listed miner.
www.abc.net.au
"China's state iron ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, according to Bloomberg News reports citing people familiar with the matter."
That hints at a pretty large and broad downside. Biggest consumer and biggest producer both on the bubble.IMF Warns Banks and Supervisors of Liquidity Risks in $9.6 Trillion FX Market
"Global banks have significant dollar exposure in their balance sheets, making them vulnerable to potential funding shocks. The increasing involvement of non-bank financial institutions and growing trade in derivatives "may also raise the global FX market’s vulnerability to adverse shocks," the IMF said.
Stress in the FX market "can spill over to other asset classes, tightening financial conditions and posing risks to macro financial stability—especially in countries with significant currency mismatches and fiscal vulnerabilities," the IMF added."
China bans all BHP iron ore cargoes, report says
China is the world's largest iron ore consumer and buys about 75 per cent of global seaborne iron ore, while BHP is the world's largest listed miner.
"China's state iron ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, according to Bloomberg News reports citing people familiar with the matter."
he tried to warn us like Sowell,Snowden,Assange,Paul,Mccarthy. there have been others. most are ignored or aggressively suppressed.
